Keeping in view its erratic performance in recent quarters, it will be premature to say Infosys has reversed its fortunes, says ETIG.
The management's stance to keep dollar revenue guidance unchanged for the fiscal reflects that caution is still the buzzword.
Infosys is expected to report 5.6% sequential growth in the rupee denominated revenue for the June 2013 quarter.
The current stock price has already shot up beyond the deal price. Will it be advisable for investors to check at current levels?
The sharp rise in the stock has helped investors to more than recover from the 15% loss in the value of the stock over the past month until last Wednesday.
The stock of beer major United Breweries rose by as much as 14% on Monday. With this gain, it has earned over 28% return in just four trading sessions.
A better than expected performance in the March 2013 quarter and a renewed traction in the voice and data business has supported the stock.
The stock of Tata Teleservices has been volatile over the past few trading sessions following the news flow on a possibility of stake sale.
The stock of United Spirits have gained over 30% in the past three months following expectations of strong synergies after the deal with UK-based Diageo.
The stock has gained over 30% in the past three months due to expectations of strong synergies after its deal with the UK-based Diageo.
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